Money Transurban profit jumps 280pc on 1.4pc increase in traffic

13:40 13 february 2018

13:40 13 february 2018 Source:
msn.com

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Transurban managed to ramp up its revenues and margins despite road work interruptions, thanks to higher tolls.

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Transurban reported a profit $331 million for the six months to December 31, up from $88 million in the previous corresponding period.

Toll revenue on a proportional basis — taking into account Transurban's ownership share of the roads in its portfolio — rose 10.5 per cent to $1.2 billion.

Average daily traffic edged up just 1.4 per cent, constricted in large part by ongoing road widening works in Melbourne and on Sydney's M2 project.

Transurban operates most of the key toll roads in Sydney, Melbourne and Brisbane, as well as part of a ring road in the US, surrounding Washington DC.

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Transurban 's net profits for the six months to December rose 280 per cent from million a year earlier, aided by favourable movements in net finance costs and Toll revenue increases were driven by both traffic growth and higher toll fares, with increases in truck tolls boosting income in Sydney.

Jump to main content. Transurban is a pioneer of the public-private partnership (P3) managed lanes concept in the United States. During peak periods, traffic speeds on the 95 Express Lanes are on average 40 percent higher than in the adjacent general purpose lanes.

The company managed to boost its margins across all its regions, with Melbourne's City Link project seeing its earnings' margin increase from 86 per cent to 88.5 per cent, thanks to an increase take from the trucking sector.

Sydney (81.2 per cent) and Brisbane (71.2 per cent) also delivered healthy margins.

Transurban has $11 billion worth of new projects on its books, including the $6.7 billion West Gate Tunnel project in Melbourne.

It is also in the running to take the controlling stake in Sydney's West Connex project, although it told investors its bidding would remain disciplined and "no asset is a must win".

Transurban raised its interim dividend to 28 cents per share and remains on target for a full-year payout of 56 cents, a 9 per cent increase on last year.

The result was in line with market expectations, leaving Transurban shares unchanged at $11.36 at 11:30am (AEDT).

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Transurban 's net profits for the six months to December rose 280 per cent from $88 million a year earlier, aided by favourable movements in net finance costs and Toll revenue increases were driven by both traffic growth and higher toll fares, with increases in truck tolls boosting income in Sydney.

North America | Transurban Group - www.transurban.com

Jump to main content. Transurban is a pioneer of the public-private partnership (P3) managed lanes concept in the United States. During peak periods, traffic speeds on the 95 Express Lanes are on average 40 percent higher than in the adjacent general purpose lanes.

Transurban - Wikipedia - en.wikipedia.org

Transurban . From Wikipedia, the free encyclopedia. Jump to navigation Jump to search. The first of the sections opened to traffic in August 1999, with tolling commencing on 3 January 2000 before final completion occurred "CityLink and Nam Theun 2: Infrastructure for private profit " (PDF). terraper.org.

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